Back on December 19th we wrote about the impact that an expiration of TRIA on December 31 could have on the availability of certain types of insurance coverage! ‘If TRIA expires, commercial insurers will no longer be required to offer terrorism coverage beginning January 1. Without a federal backstop, insurers may seek to limit underwriting […]
Maybe a TRIA-like program for a firm like Sony that was threatened with terrorism would have allowed them to release ‘The Interview’! At his final press conference of the year Barack Obama unequivocally stated that Sony should not have backed away from the North Korean threat of a 9/11-style attack on any movie theater showing […]
TRIA, or the Terrorism Risk Insurance Act , was passed into law in 2002 to ‘put a temporary federal backstop program in place that would allow for a public and private sharing of insured losses resulting from future acts of terrorism against the United States’. Due to a failure by the US Senate to pass an […]
